Tax – Resident Witholding Tax (RWT)

What is Resident Withholding Tax?

  • A tax on interest earned from investments and bank accounts.
  • May also be deducted from dividends paid to shareholders.

Who deducts this tax?

  • The bank or investment organization deducts this tax when they credit interest to your account.

What are your responsibilities?

  • Provide your IRD number to the organization that has paid interest to your account.
  • Advise them of a *tax rate which is to be deducted by them.

*RWT Tax Rate: This rate will vary for individuals and different types of business entities.

Get the right advice Adsett Braddock

Get the right advice

Let’s make a time to discuss your needs and answer any questions you may have.

Adsett Braddock Reviews

Business made easy! With the help of Adsett Braddock I’ve been able to manage my accounts and returns through the years with confidence. I’ve recommended them many times and will continue to do so for years to come. Thanks!
Jessica Gernat

Photographer

I have exclusively used the team at Adsett Braddock since 1987. They have guided me through a variety of family, property and commercial endeavours across all aspects of accounting. Companies, trusts, trading trusts, personal, family members and my many referrals have all had great advice and outstanding service.
Ross Barraclough

Takanini Home and Trade Limited

We have been clients of Adsett Braddock for 15 years. Any requests that we have made have been dealt with almost instantly. Not to mention, their charges have been more than reasonable.
John Gelb

South St Properties Limited